Top 10 Automobile Brands in United Kingdom (UK) 2016
Posted in Top Brand Lists, Total Reads: 283
Volkswagen is a German automaker which manufactures and sells passenger and commercial vehicles under the brand name Volkswagen.
The company has its headquarters in Wolfsburg, Germany, and in German language, Volkswagen means “people’s car”. It is a publicly listed company and is traded on Frankfurt Stock Exchange, and Matthias Muller is the current Chief Executive Officer of the company.
Volkswagen was founded in 1936. During that time, there were only luxury cars being sold in Germany and only super rich people were able to afford a car. The German Labour Front then created the people’s car; Volkswagen by bringing independent car projects together thus manufacturing Mercedes, Adler, Steyr, Hanomag etc.
Now, the Volkswagen group is also the in charge of brands like Audi, SEAT, Bugatti, Lamborghini, Skoda, and Bentley. The group is the largest automaker in Europe. Among all the car models Volkswagen had sold, Beetle is the most famous. It was one of the highest selling models for Volkswagen so as Mustang is to Ford. Another model is the Golf, which is even now manufactured and sold. The model Polo is also a big hit. Jetta, Scirocco, Passat were other famous models. Volkswagen is famous for its fuel efficient engines.
Volkswagen shares a very interesting relationship with Porsche. Porsche is the company founded by Fedrinand Porsche, one of the members of German National Front. Porsche maintains a stake in Volkswagen group and Volkswagen maintains a stake in Porsche so that no other companies can make a hostile takeover on both companies. Sometimes, it looked as if Porsche tried to take over Volkswagen and there had been many court proceedings as well. Finally, Volkswagen acquired Porsche in 2011.